States regulating crypto

According to the Conference of State Bank Supervisors, 40+ states seek to regulate cryptocurrency. The main objectives of state regulation are “identifying and managing risks and nurturing innovative developments.”

Examples include a bill in Illinois to have crypto currencies register with the state’s  Department of Financial and Professional Regulation while exempting technology companies that provide no financial services to customers.

Route Fifty | States have been ‘at the forefront’ of efforts to regulate cryptocurrency, experts say